Redhawk Announces Joint Venture with Anglo American on Copper Creek Project

Redhawk Announces Joint Venture with Anglo American on Copper Creek Project 
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 08/12/14 --   Redhawk
Resources, Inc. ("Redhawk" or the "Company") (TSX: RDK)(FRANKFURT:
QF7) is pleased to announce that it has entered into a binding letter
agreement with Anglo American with respect to a joint venture on
Redhawk's Copper Creek project (the "Project") in San Manuel,
Arizona. 
Through a joint venture company to be formed, Anglo American will
earn a 60% interest in the Project, through funding expenditures of
US $44 million over a five year period with a commitment to fund at
least US$3 million in the first year. Anglo American may earn an
additional 20% interest in the Project by funding a further US$20
million in expenditures on or before the seventh anniversary of the
effective date of the joint venture. Redhawk will be the operator for
the first three years of the joint venture, after which time Anglo
American will be the operator. 
R. Joe Sandberg, President and CEO of Redhawk stated: "We are
extremely pleased to have Anglo American participate with Redhawk on
the advancement of our Copper Creek project. Anglo American is a
respected global mining company with ready access to experienced
people, technology, and capital. Copper Creek currently has a
significant mineral resource and the potential for expansion in
numerous areas. Partnering with one of the world's largest mining
companies will provide Redhawk with many advantages for the
methodical exploration of the upside potential and eventual
exploitation of the deposit. We are also very proud to be appointed
as operator during the initial period of the joint venture as it is
validation of the quality of the Redhawk team and the work conducted
by Redhawk on this project." 
The transaction is subject to customary terms and conditions,
including the completion by Anglo American of satisfactory financial,
legal and environmental due diligence of the Project, and the
execution of a definitive joint venture agreement. Anglo American has
confirmed that it has completed its technical due diligence of the
Project to its satisfaction. Redhawk anticipates the outstanding
conditions to be satisfied and the definitive joint venture agreement
with Anglo American executed during August, 2014. It is expected
that, following the execution of the definitive joint venture
agreement, activities on the Project will proceed on an accelerated
basis. 
About Anglo American 
Anglo American is one of the world's largest mining companies, is
headquartered in the UK and listed on the London and Johannesburg
stock exchanges. Our portfolio of mining businesses meets our
customers' changing needs and spans bulk commodities - iron ore and
manganese, metallurgical coal and thermal coal; base metals and
minerals - copper, nickel, niobium and phosphates; and precious
metals and minerals - in which we are a global leader in both
platinum and diamonds. At Anglo American, we are committed to working
together with our stakeholders - our investors, our partners and our
employees - to create sustainable value that makes a real difference,
while upholding the highest standards of safety and responsibility
across all our businesses and geographies. The company's mining
operations, pipeline of growth projects and exploration activities
span southern Africa, South America, Australia, North America, Asia
and Europe. 
About Redhawk 
Redhawk is a Canadian-based resource exploration and development
company with primary focus on the accelerated development of its
advanced stage Copper Creek copper-molybdenum project in San Manuel,
Arizona. The 100% owned Copper Creek property consists of
approximately twenty-nine square miles of contiguous patented and
unpatented mining claims and state prospecting permits, located about
70 miles northeast of Tucson, Arizona and about 15 miles east of San
Manuel. The property is in the prolific southwest US porphyry copper
belt at the projected intersection of a major northwest belt of
porphyry copper deposits or mines (Ray, Miami/Globe,
Superior/Resolution, Johnson Camp) and a major east-northeast belt of
porphyry deposits (San Manuel/Kalamazoo, Silver Bell, Lakeshore,
Safford, Morenci). The property is within sight of the former BHP
Kalamazoo/San Manuel copper smelter and mine and within 30 miles of
an existing operating copper mill and smelter. The area is a mining
friendly and politically secure location with excellent and readily
accessible infrastructure including power, rail, water, roads and
qualified consultants. 
ON BEHALF OF THE BOARD 
R. Joe Sandberg, President & CEO 
Cautionary Note Regarding Forward Looking Information 
Certain of the statements and information on this news release
constitute "forward-looking statements" or "forward-looking
information" within the meaning of applicable securities legislation.
In certain cases, forward-looking statements or information can be
identified by the use of words such as "believe", "intend", "may",
"will", "should", "plans", "anticipates", "believes", "potential",
"intends", "expects" and other similar expressions. Forward-looking
statements and information relate to, among other things: the
intention of the Company to advance the Project towards production
and the timing of satisfaction of conditions to the transaction,
including execution of a definitive agreement and the completion of
satisfactory financial, legal and environmental due diligence by
Anglo American. 
Key assumptions upon which the Company's forward-looking statements
and information are based include the following: the Company's
ability to satisfy all conditions required to complete the
transaction; the price of copper will not fall significantly; there
being no significant adverse changes in currency exchange rates;
there being no significant changes in the ability of the Company to
comply with environmental, safety and other regulatory requirements;
the Company's ability to obtain regulatory approvals in a timely
manner; and the Company's ability to achieve its growth strategy.
These assumptions should be considered carefully by readers. Readers
are further cautioned that the foregoing list of assumptions is not
exhaustive. Although the Company believes that the assumptions on
which the forward-looking statements or information are made are
reasonable, based on the information available to the Company on the
date such statements were made, no assurances can be given as to
whether these assumptions will prove to be correct. 
Forward-looking statements or information are subject to a variety of
known and unknown risks, uncertainties and other factors that could
cause actual events or results to differ from those reflected in the
forward-looking statements or information. Such risks, uncertainties
and other factors include among others, the following: the Company
may not be able to successfully satisfy the conditions to the
transaction, or obtain all applicable government, regulatory and
shareholder consents required to complete the transaction, that the
terms of those consents may not be acceptable to the Company, or,
assuming the Company is able to successfully complete the
transaction, the Company is not able to achieve expected results
following the transaction; copper price volatility; discrepancies
between actual and estimated production, mineral reserves and
resources and metallurgical recoveries; mining operational and
development risk; regulatory restrictions, including environmental
regulatory restrictions and liability; risks of sovereign investment;
currency fluctuations; speculative nature of copper exploration;
global economic climate; ability to obtain financing; dilution; share
price volatility; competition; loss of key employees; additional
funding requirements; and defective title to mineral claims or
property, as well as those factors discussed under the heading "Risk
Factors" in the Company's Annual Information Form for the year ended
March 31, 2014, which is available on SEDAR at www.sedar.com. Should
one or more of these risks, uncertainties or other factors
materialize, or should underlying assumptions prove incorrect, actual
results may vary materially from those described in forward-looking
statements and information. 
The forward-looking statements and information contained in this news
release are made as of the date indicated in that information and,
accordingly, are subject to change after such date. We do not
undertake to update any forward-looking statements or information,
except as, and to the extent, required by applicable securities laws.
For the reasons set forth above, investors should not place undue
reliance on forward-looking statements and information. The
forward-looking statements and information contained in this news
release are expressly qualified by this cautionary note. 
Contacts:
Redhawk Resources, Inc.
J. Stephen Barley
Executive Chairman
604-633-5088
info@redhawkresources.com
www.redhawkresources.com
 
 
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